Ticker > IPO > New Listed IPO > PB Fintech Ltd.

PB Fintech Ltd. IPO

Commonly known as Policybazar, it is India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation.

RHP
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DRHP
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Open Date

2021-11-01

Close Date

2021-11-03

IPO Details

Check out the issue details for PB Fintech Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 980

Price Band

₹ 940 - 980

Issue Size

5708.64 Cr.

Issue Type

Book Built

Open

2021-11-01

Close

2021-11-03

Listingprice

₹ 1150

ListingGain

17.35%

Listing Date

2021-11-15

CMP

₹ 1192.15

Current Return

21.65%

News

PB Fintech incorporates wholly-owned subsidiary10 Apr, 10:19AM PB Fintech gets nod to incorporate wholly owned subsidiary21 Mar, 2:09PM PB Fintech’s arm gets in-principle approval for upgradation of license17 Feb, 4:01PM PB Fintech informs about disclosure 3 Feb, 11:51AM Temasek Holdings sells entire 5.42% stake in PB Fintech2 Feb, 10:59AM PB Fintech informs about conference call31 Jan, 4:40PM PB Fintech - Quaterly Results30 Jan, 4:58PM PB Fintech - Quaterly Results30 Jan, 4:58PM PB Fintech - Quaterly Results30 Jan, 4:58PM PB Fintech informs about trading window closure 29 Dec, 4:53PM PB Fintech informs about disclosures22 Dec, 4:45PM Softbank’s arm divests 2.5% stake in PB Fintech18 Dec, 11:53AM PB Fintech makes further investment of Rs 350 crore in Policybazaar Insurance Brokers25 Nov, 12:25PM PB Fintech - Quaterly Results4 Nov, 7:10PM PB Fintech - Quaterly Results4 Nov, 7:10PM PB Fintech informs about investor conference28 Oct, 12:24PM PB Fintech informs about disclosure 11 Oct, 10:00AM Softbank offloads 2.5% stake in PB Fintech9 Oct, 10:22AM PB Fintech - Quaterly Results7 Aug, 7:17PM PB Fintech - Quaterly Results7 Aug, 7:17PM

Company Financials

You can get the following financial statements of PB Fintech Ltd. as of now.

Company Name

PB Fintech Ltd.

Exchange

NSE: POLICYBZR BSE: 543390

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

The details about the Policybazaar IPO is as:

  • The issue size of the IPO is 5708.64 Cr.
  • The price band ranges from Rs 940 to Rs 980.
  • The shares of Policybazar will list on 15th November 2021.
  • The latest tentative GMP of Policybazaar IPO is Rs 140.
  • Policybazar IPO is subscribed 16.59 times as of 3rd November.

 

Policybazaar IPO Valuation

The approx valuation of PB fintech IPO, commonly known as Policybazaar, based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 980
Existing Shares (Qty) 41.12 Cr
Fresh Issue (Amount) 3750 Cr
Market Cap 44,047.6 Cr
EPS (FY21) Rs -4.11
Industry PE No peers

 

Policybazaar IPO Issue Size

PB fintech IPO or Policybazaar IPO issue size is 5708.64 Cr. 

Issue Amount
Fresh Issue 3750 Cr
Offer For Sale 1958.64 Cr

 

Policybazaar IPO Market Lot

An Individual can apply for a minimum 1 lot of 15 shares and a maximum of 13 lots of 195 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 15 Rs 14,700
 Maximum 13 195 Rs 1,91,100

 

Policybazaar IPO Share Offer

Policybazaar IPO is subscribed 16.59 times as of 3rd November. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 24.89 Times
Non-Institutional Maximum 15% 7.82 Times
Retail Individual Maximum 10% 3.31 Times
Total   16.59 Times

 

Policybazaar IPO Grey Market Premium

As on GMP (Tentative)
10 November 2021 Rs 80
11 November 2021 Rs 70
12 November 2021 Rs 60
13 November 2021 Rs 60
14 November 2021 Rs 140

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Policybazaar IPO:

Schedule Date
Basis of Allotment 10 November 2021
Refunds 11 November 2021
Credit to Demat Account 12 November 2021
IPO Listing Date 15 November 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 49.95 61.11 123.42 103.18 134.15
Total Expenditure 89.42 89.27 143.61 512.6 400.35
Operating Profit -39.47 -28.16 -20.18 -409.42 -266.21
Other Income 34.13 86.88 56.02 114.25 196.79
Interest 0.01 1.44 2.33 1.18 1
Depreciation 1.03 9.2 3.8 3.9 3.74
Exceptional Items 0 -29.16 -2.37 0 0
Profit Before Tax -6.38 18.93 27.33 -300.25 -74.16
Provision for Tax 9.43 9.18 8.33 -0.56 0
Net Profit -15.81 9.74 19.01 -299.68 -74.16
Adjusted EPS (Rs.) -0.17 0.1 0.17 -0.67 -0.16

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.88 1.11 1.23 89.9 90.02
Total Reserves 955.75 2041.79 2939.76 6804.9 7272.68
Borrowings 0 0 0 0 0
Other N/C liabilities 2.85 1.71 22.68 19.1 7.87
Current liabilities 8.59 19.59 43.19 18.12 16.46
Total Liabilities 968.06 2064.21 3006.86 6932.01 7387.04
Assets
Net Block 1.82 3.48 15.73 11.5 8
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 556.04 914.22 1146.48 2204.03 3796.69
Loans & Advances 24.44 17.51 32.08 39.17 35.83
Other N/C Assets 0.34 0.02 0.98 0 1357.45
Current Assets 385.42 1128.98 1811.58 4677.32 2189.07
Total Assets 968.06 2064.21 3006.86 6932.01 7387.04
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 45.04 58.79 61.69 63.9 63.15
Profit Before Tax -2.34 29.43 22.02 1.89 26.96
Tax 0 0 0 0 0
Profit After Tax -2.34 29.43 22.02 1.89 26.96
Adjusted EPS (Rs) -0.05 0.65 0.49 0.04 0.6

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -6.38 18.93 29.7 -300.25 -74.16
Adjustment 10.74 -25.84 32.95 336.35 149.79
Changes in Assets & Liabilities -205.68 -97.63 13.78 -85.73 -76.29
Tax Paid 2.48 -6.17 -5.66 -7.1 -4.29
Operating Cash Flow -198.85 -110.71 70.77 -56.73 -4.95
Investing Cash Flow 230.55 -170.48 -1282.85 -3748.45 -179.71
Financing Cash Flow 0 1049.73 776.05 3641.82 -3.48
Net Cash Flow 31.71 768.54 -436.03 -163.36 -188.14
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